Traverse City, MI Shopping Centers for Sale

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Updated: Dec 9, 2025

Iconic Warehouse MRKT Building

144 Hall St, Traverse City, MI 49684

$2,950,000

18,454 sqft 0.75 AC lot

Established multi‑tenant rental model with 9 tenants.
Prime location in Traverse City's thriving Warehouse District.
Adaptable open floor plan suitable for various uses (marketplace, retail, mixed‑use).
Sleek industrial design with soaring ceilings and exposed beams.
Located on three‑quarters of an acre with on‑site parking.

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This listing looks promising.

Here's a quick look at some key insights for

144 Hall St, Traverse City, MI

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Est. Cap Rate

7.7%
Above avg (5.9%)
Est. NOI

$228K
Annual
Price @ 7% Cap

$3.26M
Above asking
Property Type

Grocery, Supermarket
Built 1926

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Updated: Mar 7

Retail Space Near Cherryland Mall

1712 S. Garfield Ave, Traverse City, MI 49686

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4,168 sqft

Located on Traverse City's busiest retail corridor with up to 40,000 cars per day.
Part of a new multi‑tenant retail center developed by Alrig USA on the pad of Cherryland Shopping Mall.
Join Starbucks in this development.
Multiple means of ingress and egress, including a light‑controlled entrance.
Up to 2,926 SF available for lease within a total space of up to 4,168 SF.

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High-Visibility Retail Space

S 821 S Garfield Avenue Unit SourceFi, Traverse City, MI 49686

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2,318 sqft

Retail space with ample on-site parking and C-3 zoning along a high-visibility corridor in Traverse City.

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Retail Suite in Shopping Center

S 1545 S Division Unit SourceFi, Traverse City, MI 49684

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1,432 sqft

Prime retail space in a Traverse City shopping center across from Meijer on US-31.

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Retail Center on Bustling Corridor

3315-3333 S. US-31 |, Traverse City, MI 49684

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Shopping center drawing customers from a 22-county area.

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Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 5 Active listings in Traverse City, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 67 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Mitchell Street Mall Investment Opportunity

1508 N Mitchell Street, Cadillac, MI 49601

$2,340,000

47,945 sqft 8.94 AC lot

91% leased retail center with high cash-on-cash return.

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Petoskey Plaza Investment Opportunity

105 W Mitchell St, Petoskey, MI 49770

$1,950,000

9,880 sqft

9,880 Sq Ft Plaza in Petoskey, Michigan for sale.

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Multi-Tenant Retail Center

1508 N Mitchell Street, Cadillac, MI 49601

$2,340,000

91% leased multi-tenant mall with one vacant anchor-sized space, loading docks, inventory, and storage.

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Petoskey Town Center Retail Space

1305 Spring Street |, Petoskey, MI 49770

Contact for pricing

Retail spaces available in the heart of Petoskey, Michigan.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Development Land Near M-32 Frontage

VL W M-32, Gaylord, MI 49735

$399,900

34.84 AC lot

34.84 acres development site with M-32 frontage and drive easement.

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Alpena Commercial Land For Sale

M-32/Crittenden Court lot: 6, Alpena, MI 49707

$235,000

3.50 AC lot

Commercial land with complete infrastructure in Alpena's growing area.

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Alpena Commercial Land For Sale

M-32/Crittenden Court lot: 7, Alpena, MI 49707

$235,000

3.49 AC lot

Commercial land with complete infrastructure in a high-traffic area.

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Alpena Commercial Land For Sale

M-32/Crittenden Court lot: 9, Alpena, MI 49707

$355,000

2.60 AC lot

Commercial land with complete infrastructure in a high-traffic area.

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Off-Market Properties in Traverse City, MI

Consider similar Off-Market properties in Traverse City, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

REGIONAL SHOPPING CENTER, MALL

3423 Cass Rd, Traverse City, MI 49684-8842

Value Estimation by Request

2,968 sqft 0.79 AC lot

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REGIONAL SHOPPING CENTER, MALL

221 Frnt St, Traverse City, MI 49684-2525

Value Estimation by Request

2,856 sqft 0.12 AC lot

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MINI-MALL

3675 Us Hwy 31st S, Traverse City, MI 49684-5600

Value Estimation by Request

8,900 sqft 1.02 AC lot

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REGIONAL SHOPPING CENTER, MALL

417 Un St, Traverse City, MI 49684-2536

Value Estimation by Request

2,646 sqft 0.09 AC lot

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REGIONAL SHOPPING CENTER, MALL

111 Frnt St, Traverse City, MI 49684-2508

Value Estimation by Request

5,444 sqft 0.14 AC lot

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REGIONAL SHOPPING CENTER, MALL

836 Hastings St, Traverse City, MI 49686-3441

Value Estimation by Request

1,473 sqft 0.38 AC lot

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REGIONAL SHOPPING CENTER, MALL

1396 Ws Airport Rd, Traverse City, MI 49686-4771

Value Estimation by Request

4,984 sqft 0.49 AC lot

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REGIONAL SHOPPING CENTER, MALL

219 Frnt St, Traverse City, MI 49684-5737

Value Estimation by Request

4,182 sqft 0.07 AC lot

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REGIONAL SHOPPING CENTER, MALL

143 Frnt St, Traverse City, MI 49684-2508

Value Estimation by Request

2,070 sqft 0.07 AC lot

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REGIONAL SHOPPING CENTER, MALL

405 Un St, Traverse City, MI 49684-2536

Value Estimation by Request

935 sqft 0.08 AC lot

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REGIONAL SHOPPING CENTER, MALL

502 8th St, Traverse City, MI 49686-2629

Value Estimation by Request

2,680 sqft 0.09 AC lot

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Neighborhood centers

1288 South Airport Rd, Traverse City, MI 49686

Value Estimation by Request

7,047 sqft

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Lifestyle centers

2016 South Airport Rd, Traverse City, MI 49684

Value Estimation by Request

14,777 sqft 1.58 AC lot

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Neighborhood centers

3375 South Airport Rd, Traverse City, MI 49684

Value Estimation by Request

5,903 sqft

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Lifestyle centers

1990 Us-31, Traverse City, MI 49686

Value Estimation by Request

1,173 sqft

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REGIONAL SHOPPING CENTER, MALL

1109 Woodmere Ave, Traverse City, MI 49686-4248

Value Estimation by Request

19,468 sqft 0.88 AC lot

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REGIONAL SHOPPING CENTER, MALL

515 Wellington St, Traverse City, MI 49686-2660

Value Estimation by Request

3,526 sqft 0.11 AC lot

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REGIONAL SHOPPING CENTER, MALL

709 Wadsworth St, Traverse City, MI 49684-3170

Value Estimation by Request

1,587 sqft 0.06 AC lot

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REGIONAL SHOPPING CENTER, MALL

4013 Vance Rd, Traverse City, MI 49685-9314

Value Estimation by Request

1,920 sqft 3.37 AC lot

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Traverse City, MI Shopping Centers Market Trends and Statistics

Explore 72 shopping centers for sale in Traverse City, MI, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 18,454 square feet of properties for sale, with an estimated market value of $2,950,000.

Sale prices for plazas in Traverse City, MI start at $2,950,000, averaging $2,950,000, and reaching up to $2,950,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 78K

Population Growth (5Y) -35.5%

Median Household Income $78,889

College Educated 59.4%

High-Yield Neighborhoods for Investment

Identify Traverse City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
49684	$3M

Taxes & Financing

Tax Rate (average for all types) 4.34%

Property Tax per SF $71.64 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Grand Traverse County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Grand Traverse County

Office

Property Size Breakdown

The majority of commercial real estate listings in Traverse City fall within the 2,500 to 5,000 square foot range.

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Traverse City, MI Shopping Centers for Sale

144 Hall St, Traverse City, MI 49684

1712 S. Garfield Ave, Traverse City, MI 49686

S 821 S Garfield Avenue Unit SourceFi, Traverse City, MI 49686

S 1545 S Division Unit SourceFi, Traverse City, MI 49684

3315-3333 S. US-31 |, Traverse City, MI 49684

Opportunities in Nearby Cities

1508 N Mitchell Street, Cadillac, MI 49601

105 W Mitchell St, Petoskey, MI 49770

1508 N Mitchell Street, Cadillac, MI 49601

1305 Spring Street |, Petoskey, MI 49770

Potential Development Sites for Consideration

VL W M-32, Gaylord, MI 49735

M-32/Crittenden Court lot: 6, Alpena, MI 49707

M-32/Crittenden Court lot: 7, Alpena, MI 49707

M-32/Crittenden Court lot: 9, Alpena, MI 49707

Off-Market Properties in Traverse City, MI

3423 Cass Rd, Traverse City, MI 49684-8842

221 Frnt St, Traverse City, MI 49684-2525

3675 Us Hwy 31st S, Traverse City, MI 49684-5600

417 Un St, Traverse City, MI 49684-2536

111 Frnt St, Traverse City, MI 49684-2508

836 Hastings St, Traverse City, MI 49686-3441

1396 Ws Airport Rd, Traverse City, MI 49686-4771

219 Frnt St, Traverse City, MI 49684-5737

143 Frnt St, Traverse City, MI 49684-2508

405 Un St, Traverse City, MI 49684-2536

502 8th St, Traverse City, MI 49686-2629

1288 South Airport Rd, Traverse City, MI 49686

2016 South Airport Rd, Traverse City, MI 49684

3375 South Airport Rd, Traverse City, MI 49684

1990 Us-31, Traverse City, MI 49686

1109 Woodmere Ave, Traverse City, MI 49686-4248

515 Wellington St, Traverse City, MI 49686-2660

709 Wadsworth St, Traverse City, MI 49684-3170

4013 Vance Rd, Traverse City, MI 49685-9314

Traverse City, MI Shopping Centers Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Total CRE Inventory on Market (SF)

Average Property Price per SF

Office

Property Size Breakdown

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